Sentiment surrounding SOL has swiftly shifted from bearish — in light of developers leaving Solana — to bullish as SOL price rose by more than 36% over the last seven days. The significant price recovery temporarily pumped Solana back into the top 10 — flipping Polygon.
Vitalik Buterin aided in bolstering SOL recovery momentum on Dec. 29, 2022, by posting a supportive statement on Twitter.
“Some smart people tell me there is an earnest smart developer community in Solana, and now that the awful opportunistic money people have been washed out, the chain has a bright future.”
At the time of the statement, SOL price was roughly $9.70 on Dec. 29, 2022. Following the pump over the next two weeks leading up to Jan. 14, SOL price more than doubled to $22.35 — as of press time.